Gate News, March 24 — The Hainan Provincial Local Financial Supervision Bureau issued a risk alert regarding trading venues. Recently, the bureau learned that some entities are promoting under the names “Hainan International Data Asset Exchange,” “Hainan Data Exchange,” and “Hainan Hai Exchange,” claiming to conduct compliant activities related to RWA (Real-World Assets), RDA (Real Data Assets), and other businesses.
The Hainan Provincial Local Financial Supervision Bureau issued three risk warnings:
- The “Hainan International Data Asset Exchange” has not been approved to be established within Hainan Province. Without approval from the provincial government, market entities are not allowed to use terms like “Exchange” or “Trading Center” in their registered names or engage in activities related to trading venues.
- The “Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies and Other” jointly issued by the People’s Bank of China, the China Securities Regulatory Commission, and eight other departments clearly states that the regulation of tokenization of real-world assets (RWA) adopts the principle of “strict prohibition domestically and strict regulation abroad.” Engaging in RWA tokenization activities, providing related intermediary or information technology services within China, may involve illegal issuance of tokens or securities, unauthorized public issuance of securities, illegal securities and futures business, illegal fundraising, and other illegal financial activities, which are prohibited.
- Remind investors to establish correct investment concepts.
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